Aura Minerals (NASDAQ:AUGO) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Aura Minerals (NASDAQ:AUGO) released its quarterly earnings data on Tuesday. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.13), Zacks reports. Aura Minerals had a positive return on equity of 71.90% and a negative net margin of 8.88%.

Aura Minerals Stock Performance

AUGO traded down $1.36 on Tuesday, reaching $31.55. The company had a trading volume of 403,642 shares, compared to its average volume of 165,219. Aura Minerals has a fifty-two week low of $11.19 and a fifty-two week high of $41.04. The firm has a market cap of $2.61 billion and a PE ratio of -38.48. The firm’s fifty day simple moving average is $34.44. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.12.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Aura Minerals in a research note on Wednesday, October 8th. Bank of America boosted their price objective on shares of Aura Minerals from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. The Goldman Sachs Group assumed coverage on shares of Aura Minerals in a research note on Monday, October 13th. They set a “buy” rating and a $46.60 price objective on the stock. Wall Street Zen upgraded shares of Aura Minerals from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Zacks Research upgraded shares of Aura Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $45.80.

About Aura Minerals

We are an Americas gold and copper production company with a significant portfolio of mining operations. Our mission is to deliver long-term value by unlocking operational efficiencies, responsibly growing our portfolio with a focus on return on invested capital, responsible mining practices and a commitment to sustainability.